Steve Blank

SEPTEMBER 5, 2013

Over the last three years our Lean LaunchPad / NSF Innovation Corps classes have been teaching hundreds of entrepreneurial teams a year how to build their startups by getting out of the building and testing their hypotheses behind their business model. Technology in search of a market.

Lean 315

Lean Customer Development Sales Cycle Business Model 315

Startup Professionals Musings

SEPTEMBER 24, 2014

The first page of the business plan better be an executive summary which gives the investor a taste of the financials, as well as opportunity, competition, and key executives. “I I don’t have a business plan, but the technology is disruptive.” Investors are buying part of the business, not the product or service.

Technical Review 299

Technical Review Entrepreneur Business Plan Angel Investor 299

Startup Professionals Musings

AUGUST 2, 2019

A refrain I often hear from technology entrepreneurs to investors is that their product or solution is so innovative that it will cause a “paradigm shift” in the industry. Define and document the portfolio of initiatives to deliver on your strategic objectives and fulfill your production and skill requirements.

Technical Review 226

Technical Review Leadership Portfolio Matching 226

Startup Professionals Musings

DECEMBER 14, 2013

She recommends phone interviews by you, by appointment, with structured questions, and you document results. Align your business model to how your customers want to buy. All of these processes should be documented, and should explicitly include the customer buying process and perceptions as the base.

Revenue 263

Revenue Startup Technical Review Business Model 263

The Startup Magazine

AUGUST 20, 2020

What you can expect to have coming in and going out should be documented in detail. Remember to include the cost of office space, supplies, technology, marketing, and outsourcing. Business model based on client needs and expectations. Have a Vision. There’s more to an effective strategy than money.

Technical Review 128

Technical Review Social Media Reputation Salary 128

Startup Professionals Musings

APRIL 7, 2017

She recommends phone interviews by you, by appointment, with structured questions, and you document results. Align your business model to how your customers want to buy. All of these processes should be documented, and should explicitly include the customer buying process and perceptions as the base.

Small Business 147

Small Business Revenue Technical Review Business Model 147

Startup Professionals Musings

JANUARY 14, 2023

Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. Ready to scale is when you have a proven product and a proven business model, about to expand to new geographies and markets. Use a minimum viable product (MVP) to validate the model. Automate to the max.

Hockey Stick 339

Hockey Stick Intellectual Property Non-Compete Business Model 339

Up and Running

SEPTEMBER 19, 2018

Write your business plan and develop your business model with this in mind so you can avoid these issues. . You can choose from a few different types of business plans depending on your needs. If you’re seeking investment, you need a traditional business plan. Remember that a business plan is a living document.

Business Plan 154

Business Plan Technical Review Forecast Exit Strategy 154

Startup Professionals Musings

APRIL 30, 2023

It may not be as sexy, but starting a new business which builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology. Many of the major business successes started this way. Many of the major business successes started this way.

Social Media 230

Social Media Business Model Equity Distribution 230

ReadWriteStart

JUNE 8, 2021

But with efficient employees, your costs decrease, customer loyalty increases, and your business model will have a much better chance of success. Technology evolves rapidly, and you need to be in an agile enough position that you can update your systems on the fly in response to new trends and new available devices and programs.

Employee 127

Employee Product Startup Software Review 127

Gust

APRIL 27, 2014

Even when your startup is a one-man show and lots of fun, a “business” needs some discipline and controls to keep it from being defined as a hobby by investors, and assure some financial return. Like it or not, you are now entering the dreaded realm of specifying and documenting “formal business processes.” Funding process.

Startup 187

Startup Institutional Investors Angel Investor Bootstrapping 187

Steve Blank

FEBRUARY 16, 2012

Alexander Osterwalder and I spent last week in Salt Lake City, Utah as judges at the 2 nd Annual International Business Model Competition , hosted by Professor Nathan Furr , and his team at the BYU Center for Entrepreneurship. In an existing corporation, the business plan is the execution document for sustaining innovation.

Business Model 263

Business Model Customer Development Utah Business Plan 263

Startup Professionals Musings

JULY 30, 2014

It may not be as sexy, but starting a new business that builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology. Many of the major business successes started this way. Imitation with continuous innovation predictably drives progress.

Technology 259

Technology Entrepreneur Business Model Social Media 259

Up and Running

JULY 5, 2021

Training refers to training team members on new platforms, techniques, and technologies. For this reason, re-evaluating your current business model and determining if any new platforms or processes need to be implemented will promote long-term improvement. More people are at home using technology than ever before.

Technical Review 148

Technical Review SEO Operations Forecast 148

Startup Professionals Musings

MARCH 10, 2023

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Typically some production and delivery is outsourced, requiring formal contracts and documentation.

Exit Strategy 288

Exit Strategy Metrics Operations Cost 288

Startup Professionals Musings

AUGUST 8, 2020

It may not be as sexy, but starting a new business which builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology. Many of the major business successes started this way. Many of the major business successes started this way.

Startup 393

Startup Social Media Business Model Equity 393

Startup Professionals Musings

NOVEMBER 3, 2012

She recommends phone interviews by you, by appointment, with structured questions, and you document results. Align your business model to how your customers want to buy. All of these processes should be documented, and should explicitly include the customer buying process and perceptions as the base.

Technical Review 234

Technical Review Business Model Revenue Social Media 234

Startup Professionals Musings

JUNE 5, 2017

Find someone with complementary business knowledge, and the time to help, with your trust and respect, Document your objectives and talk often. Don’t start your business in a domain where you have no experience, even if it looks like a sure-fire success. Balance of technical and business knowledge.

Technical Review 152

Technical Review Stealth Lean Social Media 152

Hearpreneur

JANUARY 25, 2023

This presents a great opportunity for entrepreneurs to launch their own businesses and capitalize on the latest technology. 4- Drop-shipping enterprise Photo Credit: Matthew Magnante It's my proposal The drop-shipping business model involves selling things that are transported straight from the supplier to the client.

Software Review 112

Software Review Technical Review Artificial Inteligence Entrepreneur 112

Startup Professionals Musings

MARCH 5, 2018

The first page of the business plan better be an executive summary which gives the investor a taste of the financials, as well as opportunity, competition, and key executives. “I I don’t have a business plan, but the technology is disruptive.” Investors are buying part of the business, not the product or service.

Technical Review 157

Technical Review Angel Investor Business Plan Social Media 157

Startup Professionals Musings

DECEMBER 25, 2021

You may think this is only important to your marketing and sales people, but in reality it doesn’t matter how great your product or technology might be, you won’t succeed if you don’t understand your target customer decision process. Every aspect of your business must be about sales. Even the best technology won’t sell itself.

Customer 340

Customer Sales Business Model Social Media 340

Startup Professionals Musings

MARCH 3, 2023

A product plan has tremendous value inward facing, telling your product people what to build, while the business plan has maximum value outward facing, explaining to the rest of the world how your new company will survive and prosper. A product plan is never a substitute for a business plan. Provide details on the business model.

Business Plan 280

Business Plan Product Architecture Business Model 280

Up and Running

SEPTEMBER 19, 2017

Capital investments are like gasoline on a startup business’s metaphorical fire. They allow you to hire more people, purchase new technology, and establish new business connections, among many other benefits. Takeaway lesson: A shocking number of technology startups never even get their first product out the door.

Private Equity 94

Private Equity Pre-Money Valuation Equity Startup 94

ReadWriteStart

JULY 7, 2021

Various business models in an on-demand courier delivery app. Business to Consumer (B2C) – It is the most common type of business model. Efficient management of the back-end with technologies such as PHP and Python. Multiple pick-up points along the route ensure the timely delivery of parcels.

Technical Review 163

Technical Review Artificial Inteligence Demand Social Media 163

Startup Professionals Musings

AUGUST 25, 2011

She recommends phone interviews by you, by appointment, with structured questions, and you document results. Align your business model to how your customers want to buy. All of these processes should be documented, and should explicitly include the customer buying process and perceptions as the base.

Customer 242

Customer Technical Review Business Model Revenue 242

Startup Professionals Musings

APRIL 21, 2012

In this more traditional product pricing model, the price is set at two to five times the product cost. Use it when your new technology gives you a tremendous cost improvement. Value model. This is a very costly development, testing, documentation, and support challenge. Razor blade model.

Business Model 282

Business Model Revenue Portfolio Differentiation 282

Startup Professionals Musings

MARCH 7, 2016

Many other companies have followed a similar set of execution principles which I believe are required for business success, no matter how great the idea: Tune the business model to optimize value for all constituents. Continuous improvement applies to the business model as well as the product.

Technical Review 120

Technical Review Architecture Agile Business Model 120

Startup Professionals Musings

APRIL 2, 2012

After struggling to create your business plan for months, every entrepreneur likes to think that their document is inspirational and will reach someone who is smart enough to see the brilliance of the idea, intuitive enough to recognize their business acumen, and enthusiastic enough to offer the money required to make it happen.

Elevator Pitch 244

Elevator Pitch Technical Review Business Plan .Net 244

Startup Professionals Musings

JANUARY 7, 2013

The market and venture capitalists are looking for business, but with a continuing focus on proven business models. Here are some key action items that may give your business some visibility: Start with an investment-grade business plan. Don’t try to talk your way to a deal before you have the documentation.

Venture Capital 252

Venture Capital IPO Elevator Pitch Initial Public Offering 252

Startup Professionals Musings

APRIL 19, 2020

Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. Ready to scale is when you have a proven product and a proven business model, about to expand to new geographies and markets. Use a minimum viable product (MVP) to validate the model. Automate to the max.

Hockey Stick 386

Hockey Stick Intellectual Property Startup Non-Compete 386

Startup Professionals Musings

FEBRUARY 5, 2023

According to most definitions, an entrepreneur is one who envisions a new and different business, meaning one that is not a copy of an existing business model. Even fewer are able to grow the startup into a viable business. At this point investors should be interested in buying a chunk of the business.

Matching 270

Matching Entrepreneur Startup Seed Stage 270

Up and Running

MAY 10, 2021

According to Statista , the market size for AR and VR technology will rise close to 300 billion U.S. In addition, businesses can easily learn about user likes and dislikes, their behavior patterns. How well documented is your code? Google is about to introduce a new AR feature for Google Maps. dollars by 2024.

Artificial Inteligence 150

Artificial Inteligence Developer Development Team Review United Kingdom 150

Startup Professionals Musings

MAY 8, 2016

A product plan has tremendous value inward facing, telling your product people what to build, while the business plan has maximum value outward facing, explaining to the rest of the world how your new company will survive and prosper. A product plan is never a substitute for a business plan. Provide details on the business model.

Business Plan 120

Business Plan Product Architecture Startup 120

Startup Professionals Musings

AUGUST 21, 2016

It may not be as sexy, but starting a new business which builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology. Many of the major business successes started this way. Imitation with continuous innovation predictably drives progress.

Technology 120

Technology Startup Business Model Social Media 120

SoCal CTO

DECEMBER 1, 2007

My role is to work as part of the team to (1) understand related technologies and technical opportunities, (2) understand and help drive alignment around a vision of where the business should go, and (3) mesh those together to help make disciplined, proactive technical decisions. So, what is my role as an acting CTO?

Fractional CTO 231

Fractional CTO CTO Hire Technical Review Early Stage 231

Startup Professionals Musings

FEBRUARY 5, 2011

After struggling to create your business plan for months, every entrepreneur likes to think that their document is inspirational and will reach someone who is smart enough to see the brilliance of the idea, intuitive enough to recognize their business acumen, and enthusiastic enough to offer the money required to make it happen.

Business Plan 242

Business Plan Elevator Pitch Technical Review .Net 242

The Startup Magazine

FEBRUARY 19, 2019

This illustrates how making a document easy-to-read and visually attractive helps to engage a reader. Typically, a document of no more than 30 pages is sufficient. This will inform the business plan, especially around amount of funding required, but does not need to be included in the document. The opportunity.

Business Plan 93

Business Plan Technical Review Initial Public Offering Due Diligence 93